Raymond James Raises Colliers International Group (NASDAQ:CIGI) Price Target to $175.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target hoisted by equities researchers at Raymond James from $160.00 to $175.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ target price suggests a potential upside of 23.04% from the stock’s previous close. Raymond James also issued estimates for Colliers International Group’s FY2025 earnings at $6.66 EPS.

Several other brokerages have also recently issued reports on CIGI. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Scotiabank lifted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.31.

Colliers International Group Trading Up 1.4 %

Shares of Colliers International Group stock opened at $142.23 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a fifty day moving average price of $141.82 and a 200 day moving average price of $142.15. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The stock has a market cap of $7.17 billion, a PE ratio of 45.30 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that Colliers International Group will post 5.41 earnings per share for the current year.

Institutional Trading of Colliers International Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Colliers International Group by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider’s stock worth $34,527,000 after acquiring an additional 13,678 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Colliers International Group by 67.3% during the second quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider’s stock worth $5,550,000 after acquiring an additional 20,000 shares during the last quarter. Bank of Montreal Can boosted its position in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after acquiring an additional 6,178 shares during the last quarter. Toronto Dominion Bank boosted its position in Colliers International Group by 4.8% during the second quarter. Toronto Dominion Bank now owns 17,200 shares of the financial services provider’s stock worth $1,920,000 after acquiring an additional 789 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Colliers International Group by 47.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after acquiring an additional 326,453 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.